Earnings season kicks off in a couple weeks, and here’s why it may be better than expected.
“September has been a rough month for global equities,” Earnings Scout’s Nick Raich said in a recent report to clients. “However, it has been a fantastic month for earnings.”
Why all the optimism? Raich believes that based on early results, there is a very high chance that companies are going to be reporting substantially higher earnings than have been estimated, just as they did in the second quarter.